Assembly Considers SB 762 to Let Voters Approve Local Tax Rates Above Caps; Sponsor Seeks Transmittal

Assemblymember Hart rose to present SB 762 on behalf of Senate sponsors and described the bill as a response to "growing fiscal pressures facing local governments," citing rising healthcare and public safety costs and aging infrastructure in multiple counties and cities. Hart said the measure would "authorize eligible local governments to seek voter approval for transactions and use tax rates above the statutory cap" and emphasized that it "does not impose any tax increase, rather it gives voters the choice."